. >> reporter: peter joseph is the executive director of a washington trade association representingave said this is a way to buy immigration service, buying a visa is that what this is? >> not at all. capital is going to communities all around the country needed to create jobs. >> reporter: but hundreds of documents reveal a very dark side of the program. in a 2013 report being made public for the first time tonight, more than 30 of the eb-5 projects were described as under investigation for narcotics trafficking, money laundering fraud, and other national security concerns. is. >> we want jobs in america, but we want the people coming to america to be legitimate business people. >> reporter: senator charles grassley says the program designed to attract foreign investors has also become a magna magnet for people suspected of serious crimes. >> it's something that's got to be exposed. >> reporter: many of the eb-5 applicants are coming from china. one eb-5 group in china now under investigation even tried to sign up as a consultant president obama's half brother mark. >> i told them

stephanie: peter, i want to turn to michael and joseph. what do you guys think?e of the more interesting changes was with senator chuck schumer. he asked if you see any sign of the inflation moving back to 2% is coming true? she said i don't see any evidence of of that right now but she gave a monetary policy clinic in noting that you are supposed to be forward-looking. they have to make projections and where the economy is going to be. policy works with a lag. that is why they think they will have to move sooner. he didn't like that. he said you need to exercise caution. that was a window into the way the fed is thinking. she was asked what keeps her up at nigh and she said that the balance sheet is so highly government has a deficit that if we have another recession, it will be hard for the fiscal and monetary policy authorities to respond. stephanie: because they don't have any tools left? >> they have tools but not the big tools that they had. with the balance sheet so high, widow have as much scope for qe to have an effect. congress will not be able to do an

either will be back with us for more on -- peter will be back with us for more on taxes. joseph stiglitz, professor of columbia university who says this taxation is one tool that can help reduce the spiraling income inequality in the united states. we will hear his argument in the next hour. radioshack is preparing to shut down its chain in a banker's best in a bankruptcy deal that would sell half of its stores to sprint and so the rest. there are reports that amazon is also looking to acquire some of radioshack's locations. cory johnson is looking into why sprint and now amazon are looking to buy up the stores. >> location. radioshack, over many decades, has been building a network of stores. their struggle has not been real estate it has been what to put in the stores. they continue to make some boneheaded decisions or bad debts with this company. at the heart of it, they have a huge network. it is multifaceted. there are some good real estate, some crummy real estate. in the u.s. the end of last year with 4291 stores. they have dealer outlets franchise like arrangements with